News articles about Chegg (NYSE:CHGG) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chegg earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.6181609535962 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of analysts have weighed in on the company. UBS AG upgraded Chegg from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. BidaskClub downgraded Chegg from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $15.00 price target (up from $12.00) on shares of Chegg in a report on Wednesday, July 26th. Northland Securities reiterated a “buy” rating and set a $16.00 price target on shares of Chegg in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Chegg from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Chegg currently has a consensus rating of “Buy” and a consensus price target of $13.32.

Shares of Chegg (CHGG) traded up 1.49% during mid-day trading on Friday, hitting $15.03. The stock had a trading volume of 1,806,272 shares. Chegg has a 1-year low of $6.51 and a 1-year high of $15.95. The firm’s market capitalization is $1.44 billion. The stock’s 50-day moving average is $13.65 and its 200 day moving average is $10.44.

Chegg (NYSE:CHGG) last released its quarterly earnings results on Tuesday, July 25th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.08. Chegg had a negative return on equity of 8.10% and a negative net margin of 11.83%. The company had revenue of $56.30 million during the quarter, compared to the consensus estimate of $53.33 million. During the same period in the previous year, the company earned $0.05 earnings per share. Chegg’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts predict that Chegg will post $0.24 EPS for the current fiscal year.

In related news, insider Andrew J. Brown sold 100,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $14.00, for a total value of $1,400,000.00. Following the completion of the transaction, the insider now directly owns 678,760 shares of the company’s stock, valued at $9,502,640. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Geiger sold 81,968 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $13.55, for a total transaction of $1,110,666.40. Following the completion of the transaction, the insider now directly owns 568,468 shares of the company’s stock, valued at $7,702,741.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 522,244 shares of company stock valued at $6,828,478. 20.40% of the stock is owned by insiders.

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Chegg Company Profile

Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.

Insider Buying and Selling by Quarter for Chegg (NYSE:CHGG)

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